FEATURED NEWS RELEASE - Lincoln Mining Acquiring Oro Cruz Gold Deposit, California InfoMine Editor, 1 hours ago Lincoln Mining Corporation, TSX-V: LMG (“Lincoln” or the “Company”) is pleased to announce that its 100% owned U.S. subsidiary, Lincoln Gold US Corp., has executed in principle a Letter Agreement with ADGIS, Inc. to acquire 20 lode mineralization claims that cover the Oro Cruz gold deposit in Imperial County, California (“the Property”). The Company has staked an additional 68 contiguous lode claims covering a total of approximately 1,800 acres. The proposed Letter Agreement involves advance royalty payments beginning at US$50,000 per year, upon signing of a formal agreement, and gradually increasing to $200,000 US per year in the 7th year. Click here to read more about Lincoln Mining Acquiring Oro Cruz Gold Deposit, California.
Friday, November 20, 2009 FRANCO-NEVADA CORPORATION
Franco-Nevada announced that it and a wholly-owned acquisition subsidiary have entered into an arrangement agreement with Moydow Mines International Inc. pursuant to which Franco-Nevada will acquire all of the issued and outstanding shares of Moydow. (Complete Text - News Release) PDF
Friday, November 20, 2009 BURNSTONE VENTURES INC.
Burnstone Ventures announced that further to its news releases dated September 29 and October 14, 2009, it has amended its previously announced nonbrokered private placement by increasing the number of units to 6,667,000 units at a per unit price of $0.06, for gross proceeds of $400,020. (Complete Text - News Release) PDF
Friday, November 20, 2009 PAGET MINERALS CORP.
Paget Minerals announced the results from a first phase diamond drill program recently completed on the company's 100-per-cent-owned Mt. Dunn copper-gold property, BC, Canada. The drill program consisted of five drill holes over a 1.2 kilometre strike length of mineralized monzonite porphyry. All holes intersected significant intervals of anomalous Cu-Au mineralization, ranging in length from 74.5 to 336.5 metres with the best grade coming from the southern lowest elevation drill hole MD09-01 that returned 0.23% Cu, 0.28 g/t Au (grams per tonne) over 80.1 metres from 242.0 to 322.1 metres down the hole. Property: MT. DUNN (Complete Text - News Release) PDF
Friday, November 20, 2009 OTISH ENERGY INC.
Otish Energy entered into a property purchase and sale agreement with Robert Gagnon, from Val-D’Or, Quebec, to acquire a 100% interest in 18 mineral claims forming the Lac Des Coudes property in the Bourbon Township, Lac-St-Jean Area of Quebec, Canada. (Complete Text - News Release) PDF
Friday, November 20, 2009
